Political Economist

Top Menu

  • Home
  • About us
  • Contact us

Main Menu

  • Local News
  • World News
  • Business & Economy
  • Sports
  • Commentaries
  • Home
  • About us
  • Contact us

logo



Political Economist

  • Local News
  • World News
  • Business & Economy
  • Sports
  • Commentaries
  • PDP, others to Buhari, DSS: Sack Pantami, Interrogate him

  • Iheanacho makes history, breaks Leicester 52-year-old FA Cup jinx

  • Super League: UEFA says participating clubs risk ban from football worldwide

  • Printing of money: Obaseki’s primitive presumption, By Jackson Osagie

  • Promoters of EFCC Chairman’s fake twitter accounts risk 7 years jail term

World News
Home›World News›$1bn News Showcase Programme: Google says ‘not up to us’ to dictate how news companies run their business

$1bn News Showcase Programme: Google says ‘not up to us’ to dictate how news companies run their business

By Admin
March 31, 2021
22
0
Google

Alphabet Inc’s Google has reached licensing deals with over 600 news outlets around the world and is seeing a “huge increase” in users requesting more content from specific publications as part of a new program, it said on Wednesday.

The update comes as big internet service providers including Facebook Inc have been locked in bitter disputes over fair compensation to publishers.

Google is continuing to negotiate with additional publishers, including in the Unites States, to spend $1 billion for what it calls News Showcase.

The program through 2023 is Google’s biggest effort to invest in an industry that blames tech giants for siphoning its advertising revenue. Combined, Facebook and Google control over half of the digital advertising market.

Google is exercising little oversight over publishers’ use of the money.

“The intention of our payment is to help make it easier for publishers to be able to participate in the program,” Brad Bender, a vice president at Google overseeing News Showcase, told Reuters. “But ultimately it’s in service of creating this more sustainable future for news.”

But Google’s hesitance to hold publishers accountable for generating business results with the funds leaves questions about whether the media industry will at last turn a corner after several attempts by tech companies to provide support and improve its outlook.

“It’s not up to us to tell a news publisher how to run their business,” Google said.

Bender expressed optimism, though, about News Showcase steering publishers toward a brighter future and said the company would support the program beyond the initial $1 billion.

“We’re committed to being part of the solution,” he said.

Publishers from a dozen countries have agreed to license content, Google plans to say in a blog post on Wednesday. Users can see the content in Australia, Argentina, Brazil, Germany and Britain, with Italy joining Wednesday.

In February, Google said “well over” 500 publishers had signed deals.

Google’s lone requirement for funding recipients is that they provide a specified amount of content per day, Bender said. The funding helps publishers staff journalists to arrange the content, known as panels, which are then featured in Google’s News and Discover apps, Bender said.

Users can “follow” publishers to get more panels from them. Publishers including The Financial Times and The Canberra Times collectively are generating 7,000 panels per day and users have registered 200,000 follows, Google plans to announce.

The option to select more content from some publishers had existed in Google’s News tool earlier, but follows from News Showcase panels in the countries where they are available now represent a double-digit percentage of all follows, Google said.

Over time, Google hopes publishers can turn followers into paying subscribers or get a sales boost from increased viewership of ad-supported content.

Reuters has reported fees for individual publishers in France range from as large as $1.3 million for newspaper Le Monde to $13,741 for local publisher La Voix de la Haute Marne.

Google declined to comment on commercial terms in France or elsewhere.

Bender acknowledged Google in designing the new program had not consulted with unions and other organizations representing journalists, many of which in the United States have criticized private equity funds for buying media companies, slashing costs and weakening content.

Ensuring that Google’s funding grows newsrooms and not owners’ pocketbooks is a conversation journalists’ groups should have with publishers, Google said.

Google, like with other news-related features, said it has no plans to generate revenue from News Showcase.

REUTERS

TagsFacebookGoogle
Previous Article

Aisha Buhari calls for use of traditional ...

Next Article

Kaduna Police rescues 5 kidnap victims, kills ...

Related articles More from author

  • World News

    Interpol plans to condemn encryption spread, citing predators, sources say

    November 18, 2019
    By Admin
  • Local News

    Petroleum ministry warns public to discountenance fake Sylva’s social media accounts

    December 12, 2019
    By Admin
  • Local NewsPress Releases

    Founder Institute releases list of Lagos Ecosystem Canvas v2

    January 19, 2021
    By Admin
  • Local News

    Facebook wins dismissal of investor lawsuit over privacy breach

    September 27, 2019
    By Admin
  • children
    Local News

    FRSC to begin clampdown on overloaded school buses

    March 14, 2020
    By Admin
  • World News

    ‘Big Tech’ companies could be forced to share data on financial services customers – FSB

    December 9, 2019
    By Admin

You may be interested

  • Local News

    FG Clears Buratai over Dubai Assets, Says Properties not wholly owned by anyone

  • Breaking NewsLocal News

    COVID-19: WHO donates 3 ambulances to LASG

  • Local News

    Abuja kidnap: Six of the nine victims have regained freedom – Police

Fidelity Advert
  • LATEST REVIEWS

  • TOP REVIEWS

  • NDIC Pays N1.45bn to Over 16,000 Depositors of 34 Closed DMBs in 2017– Report

    0
  • Gboko killings: Police DPO under interrogation, others arrested —CP

  • NSE market indices drop by 1.64% after Christmas holidays

    0

    Timeline

    • April 19, 2021

      Nigeria’s security challenges slowly degenerating into the war going on in Afghanistan – US Army veteran

    • April 19, 2021

      PDP, others to Buhari, DSS: Sack Pantami, Interrogate him

    • April 19, 2021

      Iheanacho makes history, breaks Leicester 52-year-old FA Cup jinx

    • April 19, 2021

      Super League: UEFA says participating clubs risk ban from football worldwide

    • April 19, 2021

      Excitement as Senator Anyanwu Emerges Nzuko Umunna President

    Latest Comments

    • Justopec
      on
      April 24, 2017
      Good one for the NPF.

      Police foil another suicide bomb attempt in Borno, kill three bombers

    • Justice Shedrack
      on
      April 24, 2017
      Nice

      Police foil another suicide bomb attempt in Borno, kill three bombers

    • Anonymouse
      on
      February 8, 2017
      This is nice...

      Qatar Airways makes history, completes first longest non-stop flight of 16 hours from Doha to New ...

    • Justice Shedrack
      on
      January 19, 2017
      Na wa ooooo

      Confusion in Gambia, Jammeh stays put, Barrow to be sworn in at Gambia embassy in Senegal

    • Taje
      on
      November 10, 2016
      It's true. Debrecen looks like africa and not europe. Too much "blackness"

      Exclusive: Nigeria Has Highest Number of International Students in Hungarian University, Says Ambassador Yunusa

    logo

    Political Economist is a liberal news magazine with global affiliations.

    We promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists...

    About us

    • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
    • +234 805 680 1124
    • info@politicaleconomistng.com
    • Recent

    • Popular

    • Comments

    • Boko Haram

      Nigeria’s security challenges slowly degenerating into the war going on in Afghanistan – US Army ...

      By Admin
      April 19, 2021
    • Isa Pantami

      PDP, others to Buhari, DSS: Sack Pantami, Interrogate him

      By Admin
      April 19, 2021
    • Kelechi Iheanacho makes history

      Iheanacho makes history, breaks Leicester 52-year-old FA Cup jinx

      By Admin
      April 19, 2021
    • Super League

      Super League: UEFA says participating clubs risk ban from football worldwide

      By Admin
      April 19, 2021
    • Jonathan Sacks IGP Abba, Appoints Arase

      By Admin
      April 21, 2015
    • Zinox iPower Inverter Claws to Market Dominance

      By Admin
      November 24, 2014
    • Police foil another suicide bomb attempt in Borno, kill three bombers

      By Admin
      April 24, 2017
    • Your Kidney is Your Life, Watch Your Lifestyle, Counsels Dr. Amira

      By Admin
      February 27, 2015
    • Justopec
      on
      April 24, 2017

      Police foil another suicide bomb attempt in Borno, kill three bombers

      Good one for the ...
    • Justice Shedrack
      on
      April 24, 2017

      Police foil another suicide bomb attempt in Borno, kill three bombers

      Nice
    • Anonymouse
      on
      February 8, 2017

      Qatar Airways makes history, completes first longest non-stop flight of 16 hours from Doha to New ...

      This is nice...
    • Justice Shedrack
      on
      January 19, 2017

      Confusion in Gambia, Jammeh stays put, Barrow to be sworn in at Gambia embassy in Senegal

      Na wa ooooo

    Find us on Facebook

    Follow us

    • Home
    • About us
    • Contact us
    • Privacy Policy
    © Copyright Political Economist. All rights reserved.